BRIEF-Anadarko Petroleum CEO Says More Dividend Increases, Buybacks Likely [Reuters]
ANADARKO PETROLEUM (APC)
Last anadarko petroleum earnings: 7/26 04:10 pm
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Source: Reuters
BRIEF-Anadarko Petroleum CEO Says More Dividend Increases, Buybacks Likely | Reuters Reuters Staff 2 Min Read Feb 7 (Reuters) - Anadarko Petroleum Corp: * CHIEF EXECUTIVE AL WALKER SAYS WILL GENERATE ‘SIGNIFICANT CASH FLOW’ AT TODAY‘S OIL PRICE STRIP * CEO DOES NOT EXPECT TO ‘MATERIALLY CHANGE’ INVESTMENT PLANS SHOULD OIL PRICES RISE HIGHER * CEO SAYS TAKING A ‘CONSERVATIVE VIEW’ FOR WHEN ENCHILADA PLATFORM IN U.S. GULF OF MEXICO COMES BACK ONLINE * SAYS HAS ‘DECADES OF HIGH QUALITY INVENTORY’ IN U.S. SHALE PORTFOLIO * SAYS PLANS TO RUN 12 RIGS AND 9 FRACKING CREWS IN U.S. SHALE PORTFOLIO IN 2018 * SAYS MOZAMBIQUE LNG SHOULD DELIVER FIRST CARGO FIVE YEARS AFTER FINAL INVESTMENT DECISION * SAYS EXPECTS U.S. GULF OF MEXICO PRODUCTION TO BE FLAT OVER NEXT 3 YEARS WITH FREE CASH FLOW EXCEEDING $4 BILLION AT $60 OIL PRICE * SAYS ALGERIA AND GHANA OPERATIONS CONTINUE TO DELIVER FREE CASH FLOW OF MORE THAN $1 BILLION AT $60 OIL PRICE * CEO: ‘WE WILL BE LOOKING FOR MORE OPPORTUNITIES TO RETUR
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